Daseke shares are trading lower after the company reported worse-than-expected Q2 financial results and revised FY23 adjusted EBITDA guidance.
Portfolio Pulse from Benzinga Newsdesk
Daseke Inc. reported worse-than-expected Q2 financial results and revised its FY23 adjusted EBITDA guidance downwards, leading to a drop in its share price.
August 04, 2023 | 2:09 pm
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Daseke's Q2 results fell short of expectations and the company lowered its FY23 EBITDA forecast, causing its stock price to decline.
Daseke's worse-than-expected Q2 results and the downward revision of its FY23 EBITDA guidance are negative indicators for the company's financial health. This has led to a decrease in investor confidence, reflected in the drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100